Is there such thing as a self employed IVA? 

Is There Such Thing As A Self Employed IVA?

A reader emailed me over the weekend concerned that his debt was getting pretty unmanageable, ‘reader’ had been scouring the internet for advice and was confused as to whether there was such thing as a self employed IVA.  Research suggests self employed people are just as likely to be struggling with debt problems as the unemployed people. Without a consistent,…

Anyone can fall on hard times and find themselves in debt, and if you've had notice of impending attachment of earnings order you should know exactly what you're dealing with. Life can throw up many different crappy circumstances, unannounced, unwanted, and out of our control. If it does, burying your head is the last thing you should be considering. Debt is a bitch that needs to be tackled head on, make no mistake about that. The fact of the matter is if you have outstanding debt, one or more of your creditors could take court action against you and obtain a County Court Judgment (CCJ) or another court order. In a nutshell, a court order means you must pay the money owed back either in instalments or in full by an agreed date. Should you fail to meet the requirements of the court order, your creditor can crack on with taking further action against you to retrieve the cash you owe. There are several ways they can go about doing this. If you’re working, your creditor could well try to obtain a court order that takes money from your wages which is paid directly to them - you have no say, not a peep, it'll never hit your bank. This is what they call an attachment of earnings. I'm going to give you a no nonsense guide of what happens if your creditor(s) apply for an attachment of earnings order and if there is anything you can do to prevent, or change the terms of the order. If you've got this far, you know you need some help, so please keep reading on and leave here today knowing what you're going to do to sort this.

What Is An Attachment Of Earnings?

Anyone can fall on hard times and find themselves in debt, and if you’ve had notice of impending attachment of earnings order you should know exactly what you’re dealing with. Life can throw up many different crappy circumstances, unannounced, unwanted, and out of our control. If it does, burying your head is the last thing you should be considering. Debt is…

A bailiff has the right to take away some of your possessions, with the exception being anything you cannot live or work without. They can sell any possessions they lift from your home to raise money that is paid to your creditors for your outstanding debt.  As I mentioned earlier, they can be a court official or employed by a private company. Bailiffs usually won’t get involved unless the case has already been to court and you were unable to come to an agreement with your creditors.

How To Deal With Bailiffs And Debt Collectors

If you’ve received notification that you have bailiff action coming your way, you need to clue yourself up about what powers bailiffs have, quickly. Put aside any notions about burying your head, you need to move extremely swiftly in dealing with bailiffs and debt collectors.    I’m going to need you to forget what Janet from around the corner told…

Debt can be all consuming if left to get out of control. But, how can you tell if your debts have become a problem that you need help with?

How Do You Know You Have Debt Problems?

Do you know what debt is? Sounds like a silly question right? But, you’d be surprised how many of us don’t understand the meaning of it enough to recognise whether it has become a problem. A simple definition of debt  is a sum of money that is owed or due, a financial obligation that you are bound to pay back….

Would you risk pissing someone off to prevent them from committing financial suicide?

Would You Be Willing To Upset A Friend To Stop Them Committing Financial Suicide?

As a money blogger and a former employee of the debt industry, I’m in a fair few money related Facebook groups. If someone has a financial related query I’m happy to offer the best advice I can, if I don’t know the answer I’ll keep schtum and try and point them in the right direction for the correct advice. Facebook…

Parking tickets shouldn't cost you your life!

Parking tickets are expensive – but shouldn’t cost you your life

Jerome Rogers, a 20 year old courier, got a couple of parking tickets last year that he couldn’t afford to pay. After these were sent to the bailiffs, two £65 tickets ballooned to a debt of over £1,000. A bailiff clamped his motorcycle so Jerome couldn’t earn any money at all and he killed himself. But this isn’t just Jerome’s…

The Childrens society Debt Campaign needs our help to ask the goverment to create a breathing space for families in debt to help protect the mental health of children.

The Children’s Society Debt Trap Campaign: My Story

I came across The Children’s Society Debt Trap campaign last week during the UK Money Bloggers weekly live Twitter discussion, Monday Money. It struck a nerve immediately, and to be honesty it brought back some hidden, painful memories. The Debt Trap campaign is raising awareness surrounding the damage that debt can do to a child’s mental health. A child is…

common debt

Which Very Common Debt Isn’t On Your Credit Record?

This is a guest post by Sara Williams who blogs about everything to do with debt and credit ratings at Debt Camel. It’s natural to assume that all debts, or at least the important ones, will show on your credit file. There are three credit reference agencies in Britain – Experian, Equifax and Call Credit – so if you check your credit…

emergency fund

What I Would Do Without An Emergency Fund

22% of the UK population said they would need to borrow money to meet a £200 unexpected expense due to the lack of an emergency fund. Until the start of this year I had absolutely no money saved in an emergency fund. I had no debt, but I lived month-to-month, spending frivolously without too much thought to an emergency. I…

Finance Blogs

Enjoy this blog? Please spread the word :)

Copyright © 2015 - 2017 Thinking Thrifty mytaste.uk